Treasury Secretary Yellen: No way in which inflation is a decade-long problem

Treasury Secretary Yellen is saying:

• no way in which inflation is a decade-long problem
• China guilty of unfair trade practices
• Some of China tariffs on goods do not serve US strategic interests
• Biden administration looking to reconfigure tariffs in a way that would be more strategic

Although Trump initiated tariffs on Chinese goods, the economy was not in an inflationary period as a result of Covid. As a result, there was lots of comments about the inflationary implications, but with the spigots wide open, the complaints were quieted.

The Biden administration has kept the tariffs in place despite complaints about them when they were initiated. Now with inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term higher they are looking more at the details of the tariffs as a way to potentially lower the impact.